The seven members of the Board of Governors serve 14-year terms to
A) provide steady employment.
B) reduce political influence.
C) prevent illegal appointments.
D) inhibit independent decisions.

Question

Quizplus · Accepted Answer

The 14-year terms for Board of Governors members were put in place to reduce political influence and promote independent decision-making. By having long, staggered terms, it is less likely that one administration or party can have too much control or influence over the Board. This helps to ensure that the Board makes decisions based on economic data and avoids succumbing to political pressure or favoritism.

The Seven Members of the Board of Governors Serve 14-Year